- Appreciation of the Mexican peso against the U.S. dollar
- Persistent inflation
- Automotive industry’s shift towards vehicle electrification
- Rising costs related to carbon pricing systems
- Global semiconductor chip shortage
- Conflict between Ukraine and Russia impacting production costs
Nemak, S.A.B. de C.V.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Nemak, S.A.B. de C.V. disclosed greenhouse gas emissions of 5.1M tCO2e/year (location-based Scope 2). By scope: Scope 1: 666.4K tCO2e/year; Scope 2: 536.2K tCO2e/year (location-based); Scope 3: 3.9M tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
5.1M tCO2e/year (location-based Scope 2)
2023
Renewable Energy
17% of total electricity use
of total energy
Water Usage
8.18 thousand megaliters/year
2023
Waste
969 k Tons/year
2023
Energy Use
16.93 million GJ/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 666.4K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 536.2K tCO2e/year (location-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 3.9M tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 5.1M tCO2e/year (location-based Scope 2) |
| 2022 | 5.2M tCO2e/year (market-based) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced Scope 3 emissions by 6%
- Improved EcoVadis rating to Platinum (top 1% of companies)
- Achieved CDP ratings of “B” for Climate Change Governance
- Completed Aluminum Stewardship Initiative (ASI) audits for three facilities
- Implemented 83 energy efficiency projects in 2023 across the EU, resulting in an 8% improvement in NG efficiency and 3% in electricity at European sites
- Contracted a US Long REC Purchase Agreement (2026-2035) 100GWh/year, decarbonizing 50% of the electricity consumption in the US
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption by 2% yearly at two sites in Mexico
- Certify all Mexican locations with ISO 50001 by 2024/2025
- Conduct Cradle-to-Gate LCA’s for all electrified portfolio products by 2030
📅 Medium-term
- Reduce Scope 1 & 2 carbon emissions by 28% and Scope 3 by 14% by 2030 (2019 baseline)
- Source 25% of electricity from renewable resources by 2025, 100% by 2030
- Increase electrified portfolio to 60% by 2030
- Achieve an ‘A’ level at the Carbon Disclosure Project (CDP)
🔭 Long-term
- Net zero emissions by 2050
🌱 ESG Focus Areas
Climate protectionCircularityInnovation and productsDiversity, inclusion and talent developmentOccupational health and safetyCorporate citizenshipBusiness integrityResponsible supply chainSustainable leadership